EstateShield 10
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
10 Years |
|
Surrender schedule
|
9.2%9%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
07/21/2021 |
|
Minimum contribution
|
$5,000 |
|
Maximum contribution
|
$1,500,000 |
|
Max Age Qualified
|
75 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and TSP |
Brochure
|
Open brochure |
Find out if the EstateShield 10 is the right product for you.
Premium Notes
$5,000
Maximum Premium:
40-69: $1,500,000
70-75: $1,000,000
Contract owners must choose how to allocate the initial premium. Additional premium payments can be made during the first contract year subject to our approval. Additional premiums are automatically allocated to the Fixed Interest Strategy and may be subject to different rates. The contract values may be reallocated between strategies on the contract anniversary, subject to a minimum allocation value of $1,000 each.
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
- Withdrawals can be made from the annuity contract any time before the maturity date of the contract. Free withdrawals of up to 10% of the total premiums paid are allowed each contract year, beginning in year two.
- Withdrawal charges will apply to withdrawals taken in excess of the free withdrawal amount. Any withdrawal from the contract will result in a reduction of the contract values.
- Systematic Withdrawal of interest only from the Fixed Value, available after 30 days.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 2-Year BofA Destinations PTP Participation Rate |
Point to Point
Biennial
|
165%
Participation
|
| 2-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
| 1-Year BofA Destinations PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year UBS Tech Edge PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 2-Year S&P 500 Dividend Aristocrats ER PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year SG Global Sentiment PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year S&P 500 PTP Cap |
Point to Point
Biennial
|
8.75%
Cap
|
| 1-Year S&P 500 Dividend Aristocrats ER PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 2-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Biennial
|
175%
Participation
|
| 1-Year BlackRock Adaptive U.S. Equity 5% PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| No-Fee Lifetime Income Benefit Rider: Indexing Income | Yes |
Waivers
Death
No Surrender Charges at death.
Enhanced Benefit
This rider provides both a qualified nursing care benefit and terminal illness benefit. After the first contract year, a one-time free withdrawal of up to 100% of the contract value is allowed if 1) the owner is confined to a qualified nursing care facility for a minimum of 90 days and confinement begins after the contract issue date; OR 2) the owner is diagnosed with a terminal illness after the contract is issued. Written proof is required. Included automatically for all ages for EstateShield 10.
Request a free quote or talk to our financial expert to get help